Financial Services Institute Inc. (FSI)
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CARDS proposal poses challenges, unintended consequences
Though well-intended, Finra's plan could come with new security concerns and costs
FSI opposes Finra proposal for automated account information collection
CARDS would pose risks and challenges to its members, broker-dealer group contends.
FSI to push for independent-contractor legislation in 2014
Live from FSI OneVoice: Group wants to remove the uncertainty of continuing IRS scrutiny. Check out a video interview with Dale Brown, where the organization's president and CEO offers his Finra wish list.
Advisers dubious about chances of government action – any government action
Independent financial advisers expect another year of tepid economic growth in the U.S. as lawmakers continue to avoid a permanent deal on the country’s debt issues. Most advisers — nearly six in 10 — expect the economy and stock market to stay flat next year, but about a third expect improvement
Lobbyists put hands in sausage maker
As the Department of Labor readies to re-propose its fiduciary-duty rule, lobbying surrounding the issue intensifies. Did the Financial Services Institute Inc. draft an opposition letter signed by lawmakers? Probably; but that's not a scandal. That's business as usual in Washington.
BrokerCheck link dashed
Finra yanks proposal that would have required reps to post link to database on their web sites, social media pages
Finra's cease-fire on RIA oversight
Regulator is indicating that legislation on SRO proposal might not be revived this year
Finra warned on bonus disclosure plan
The main trade group representing independent-contractor broker-dealers will soon go public with its concerns about a Financial Industry Regulatory Authority Inc. proposal to require brokers to disclose recruiting incentives.
Journalist's book blisters advisers
A new book that criticizes the financial advice industry is being panned by many advisers, but surprisingly, others agree with at least some of its conclusions.
Advocates for retirement tax incentives gird for 2013 battle
Stepping up lobbying to protect 401(k)s, IRA deferrals; 'laying down a marker'
Industry groups give congressionally, not on federal level
Trade associations in the investment advice sector can agree on one thing when it comes to politics: It doesn't make any sense for their political action committees to donate to presidential candidates.
FSI unloads on Borzi
The FSI has fired off a letter to Congress blasting the letter the DOL's Phyllis Borzi sent to Congress blasting Institute
FSI goes with 'devil we know' in oversight of advisers
The way the Financial Services Institute Inc. sees it, the reason for supporting Finra's effort to expand its reach to include investment advisers comes down to this: “Better the devil you know.”
FSI goes with ‘devil it knows' in Finra oversight of advisers
Backing of B-D regulator as investment adviser regulator hardly a ringing endorsement
Lobbyists redouble efforts as SRO bill heads to vote
Advocates and opponents of legislation that would shift oversight of investment advisers from the Securities and Exchange Commission to a separate industry-run regulator are redoubling their lobbying efforts as the bill heads to a potential House committee vote next month.
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February 27, 2014